Insights
High Impact Drug Class Trends in 2018
1 MIN READ
Compared with opioids, other high impact drug classes like topicals, compound kits, combo packs, and specialty medications, represent proportionately low volume. However, they can be associated with exponentially significant costs. Recognizing the trends related to such cost drivers can help promote clinically-appropriate savings.
Five Questions with Assured Research President William Wilt on What’s Trending in Auto and Workers’ Comp Today
We sat down with William Wilt, president of P&C industry research firm Assured Research, to explore what’s trending in the auto casualty and workers’ compensation industry today.
Beyond the Status Quo
5 MIN READ
We have been conditioned to expect that “best” equates to positive, desired results. Whether in sports, business or healthcare – we strive beyond good or better and desire the “best.” But implementing accepted status quo best practices doesn’t guarantee optimum results. History is scattered with epic examples of “best” induced stagnation or worse outcomes.
Four Essential Investments for Improved Collision Repair Efficiency
What are the investments you can make in your repair shop to produce more in the same amount of time? David Stringfield, of Auto Masters Fleet Services Inc., weighed-in on his operational secrets for efficiency in an article by Ratchet+Wrench.
Medication-Assisted Treatment (MAT) Trends in 2018
1 MIN READ
Opioid dependence and abuse are prevalent and continue to be a concern in our society and the workers’ compensation population. Medication-assisted treatment using methadone, buprenorphine, or naltrexone along with counseling and other support is one of the options for managing opioid use disorder. Analyzing the trends within our data related to these types of medications can provide valuable additional insight into the prevalence of evidence-based and guideline-supported approaches related to overall opioid strategy.
The Introduction of Level 3 Automation
Autonomous vehicles have been making headlines for the past several years with some experts in the industry predicting that such vehicles would be taking over our roadways in the next decade. While this scenario seems unlikely due to the challenges that come with 100% automation, automakers are now equipping their vehicles with more advanced autonomous features that require less driver involvement.
What’s Behind the Increase in Total Loss Market Values?
Auto insurance carriers are not only facing increasing cost of repairs due to the rise in vehicle complexity but also are seeing increased costs when it comes to settling total losses. Average total loss market values have increased 6.55% in the first half of 2019 compared to the same time period last year, and the frequency of total loss outcomes has increased slightly as well to 17.53% in the first half of 2019 compared to 17.49% in the same time period last year.